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Confiance et equilibre economique

Author

Listed:
  • Gaumont, D.
  • Michel, P.

Abstract

This paper analyses the consequences of trust for the general equilibrium in an exchange economy. Trust is viewed as a gift of information which modifies the caracteristics of goods a la Stigler-Becker. The increase in utility due to the increase in information is modified by its consequences on the equilibrium. This increase in utility may be strengthened, reduced or neutralized. The study of Effective Information Gift (EIG) is general. In a simple example, it caracterizes all cases of gains and/or losses in utility for two agents and two goods.

Suggested Citation

  • Gaumont, D. & Michel, P., 1996. "Confiance et equilibre economique," G.R.E.Q.A.M. 96c06, Universite Aix-Marseille III.
    • Handle: RePEc:fth:aixmeq:96c06
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    More about this item

    Keywords

    GENERAL EQUILIBRIUM; ASYMETRIC INFORMATION;

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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